During a year that was severely disrupted by the coronavirus pandemic, Blackbird delivered a strong financial performance in 2020, with revenues growing 45% to a record £1.6m, accompanied by an improved gross margin of 89.6%, and together with tight control of the cost base contributed to cash burn reducing by 32% to £1.6m, leaving the company with a healthy £6.5m year-end cash position. Good progress was made on Blackbird’s OEM strategy, with Tata Communications signed as a key partner, while B ....
22 Mar 2021
Reaching new heights
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Reaching new heights
Blackbird PLC (BIRD:LON) | 5.8 0 5.5% | Mkt Cap: 22.3m
- Published:
22 Mar 2021 -
Author:
Gareth Evans -
Pages:
7
During a year that was severely disrupted by the coronavirus pandemic, Blackbird delivered a strong financial performance in 2020, with revenues growing 45% to a record £1.6m, accompanied by an improved gross margin of 89.6%, and together with tight control of the cost base contributed to cash burn reducing by 32% to £1.6m, leaving the company with a healthy £6.5m year-end cash position. Good progress was made on Blackbird’s OEM strategy, with Tata Communications signed as a key partner, while B ....